Seasoned trader Peter Brandt believes Bitcoin (BTC) has a 25% chance of reaching $160,000 in this market cycle.
Brandt’s Timeline
Brandt predicts the current bull market will continue until the fourth quarter of 2025. He based this on a chart that showed Bitcoin took 525 days to rise from $16,000 to $50,000. Using this timeframe, he estimates it will take another 525 days for Bitcoin to reach $160,000.
Conservative Target
Brandt’s $160,000 target is conservative compared to his previous prediction of $200,000 by September 2025. However, he believes this remains valid as long as Bitcoin stays above $50,000.
Bull Market Progression
Brandt believes the early stages of the bull market are behind us. He highlights the importance of caution and risk management.
Long-Term Bitcoin Holder
Brandt has held Bitcoin for eight years and physical gold for 40 years.
